Strategic Management

Strategic Management

STRATEGIC MANAGEMENT is the practical course for Managers and Business Owners. The course is the part of the Executive MBA program, which is developed by AFW Academy Wirtschaftsakademie Bad Harzburg GmbH, (Bad Harzburg, Germany) in cooperation with the International Management Academy (New York, USA).

About:

Duration is 6 month;

Personal expert-consultant;

Harzburg Diploma Strategic Management;

Author’s business books developed as the step-by-step plan strategy development (300 pages of structured information with up-to-date examples and practical articles of Harvard Business Review;

Templates & check-lists (pdf/excel);

Every 2 weeks control of implementation of the methodologies by expert-consultant;

The final result is the developed strategy of the business/company for 3-5 years.

As a manager of an e-commerce business, it’s up to you to make the decisions that shape the future of the business, help it to move forward, grow, and achieve all its goals. In other words, there is a lot of responsibility on your shoulders when it comes to choosing and implementing effective management strategies. Each strategy is chosen with a specific goal or purpose in mind and this is what helps to shape the various steps and processes taken.

If you’ve been looking to create buzz around your products and company, increase sales in a short amount of time, build your customer base, and even re-engage with existing customers, then a flash sale can end up being a great management strategy. But how do you ensure that the flash sale works to your advantage? How do you ensure there are no negatives that come out of it? Here are some tips that will make sure the flash sale is a positive for your company.

Make Sure You’re Creating BuzzThe whole idea behind a flash sale is to generate buzz, excitement, and then a large number of sales in a short period of time. However, that buzz isn’t going to be created on its own – it’s up to you to get the ball moving. So how do you generate buzz and ensure that people actually take part in the flash sale? This is where advertising comes into play.Ideally, you’re going to want to advertise the flash sale at least 24 hours in advance. You don’t want to start advertising it too early, as you don’t want people to forget about it. You can send out an email newsletter blast to existing customers, post a banner about the sale on your website’s homepage, and of course post information to all your social networks.

Ensure It’s a DealYou also need to make sure that the flash sale is a deal – meaning it’s a product that people will want at a great price. Trying to blow out inventory that was never popular or old typically isn’t going to result in a great flash sale experience. Customers want to feel as though they are getting an incredible deal, a once-in-a-lifetime deal if you will.

Use the Sale to Attract New CustomersFlash sales will most definitely appeal to your existing customers, but as experts explain, flash sales are also a great way to attract brand new customers. This limited-time offering is a great way to draw newbies in to try out your products without the regular priced commitment. You’ll already be seen in a positive light for the deal, so this is an opportunity to build on opening that door and convert that new customer into a loyal customer.How can this be done? You need to make sure the flash sale runs smoothly; the checkout experience is fast, simple, and secure; the site is quick and loads fine; that you have inventory availability; and that shipping is fast and worry-free. ...